The Traderszone Network

Published in TZ Latest News 9 January, 2016 by The TZ Newswire Staff

Are We There Yet?

After a particularly brutal week, a lot of people are wondering if the correction is about over. The first place I look is the daily chart to see if there are any obvious support levels coming into play. We can see where price fell through support this week, and the next obvious level of support is still a lot farther down. So, no, there is no nearby price support to possibly get things bouncing next week.

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